KDDI (OTCMKTS:KDDIY) Shares Gap Down – What’s Next?

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $19.09, but opened at $18.33. KDDI shares last traded at $18.85, with a volume of 1,410 shares.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KDDIY shares. Zacks Research raised KDDI from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Erste Group Bank upgraded shares of KDDI to a “strong-buy” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

KDDI Stock Up 0.5%

The firm has a market cap of $76.86 billion, a price-to-earnings ratio of 15.22, a P/E/G ratio of 1.07 and a beta of 0.05. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average price of $17.81 and a 200-day moving average price of $17.12.

KDDI (OTCMKTS:KDDIY) last posted its earnings results on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.04. The business had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.31 billion. On average, equities analysts forecast that KDDI Corporation Unsponsored ADR will post 2.61 EPS for the current year.

About KDDI

KDDI Corporation (OTCMKTS: KDDIY) is a diversified Japanese telecommunications and information services company headquartered in Tokyo, Japan. Formed in 2000 through the merger of DDI Corporation, KDD Corporation and IDO Corporation, KDDI provides a broad set of connectivity and digital services for both consumer and enterprise customers. The company operates under well-known consumer brands and through a network of subsidiaries and affiliates that deliver telecommunications, internet and ICT solutions.

At its core, KDDI offers mobile communications services (including the “au” consumer brand), fixed-line and broadband internet access, and fiber-optic services.